-68.42% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2019 2018 Change (THB million) Change (%) Revenue from External

) Total 222.54 189.64 32.90 17.34 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht 32.94 million, or 19.65%, due to more production

services increased since the year end 2017 (June 30, 2017), the company discontinued of the manufacturing and distribution agreement with the major paints contract. The company signed new licenses agreement

Subsidiary Company: Glanzstoff Industries Mexico, S. de R.L. de C.V. Registered Country: Mexico Nature of Business: Chemical Fibers Manufacturing Registered Capital: MXN 50,000.00 (equivalent to Baht 86,235.00

manufacturing 257.08 418.24 -38.53% 870.08 1,067.34 -18.48% Other Revenues 0.91 9.67 -90.63% 10.27 32.00 -67.92% Total Revenue 257.99 427.91 -39.71% 880.34 1,099.34 -19.92% Cost of goods sold and cost of services

efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue Major revenue of The Group mainly came from revenue from steel tower manufacturing and revenue from sales of electricity. In

2.85 26.19 3.18 7.40 Total 515.79 306.46 1,530.42 824.92 209.33 68.31 705.50 85.52 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht

0.53 3.58 0.34 1.06 Total 491.04 295.92 1,014.64 518.46 195.12 65.94 496.18 95.70 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht

) (3.05) (8.68) Total 295.92 201.40 518.46 391.04 94.52 46.93 127.42 32.58 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht 97.44 million

70.83 Total 201.40 119.63 391.04 240.00 81.77 68.35 151.04 62.93 - Contract manufacturing business of ready-to-drink milk and pasteurized fruit juices saw its income increase by Baht 72.55 million, or